Interest on Unpaid Costs and Expenses. If the Borrower fails to pay when due any amount in respect of costs or expenses incurred by the Agent or any other amount incurred by the Agent and required to be paid by it hereunder (other than principal or interest on any Advance), it shall pay interest on such unpaid amount from the time such amount is due until paid at the rate equal to the highest rate of interest then applicable under the Facilities.
Appears in 14 contracts
Samples: Credit Agreement (Village Farms International, Inc.), Assignment and Assumption (Village Farms International, Inc.), Credit Agreement (Village Farms International, Inc.)
Interest on Unpaid Costs and Expenses. If the Borrower fails to pay when due any amount in respect of costs or expenses incurred by the Agent or any other amount incurred by the Agent and required to be paid by it hereunder (other than principal or interest on any Advance), it shall pay interest on such unpaid amount from the time such amount is due until paid at the rate equal to the highest rate of interest then applicable under the Facilities.Facility A.
Appears in 2 contracts
Samples: Credit Agreement (Village Farms International, Inc.), Credit Agreement
Interest on Unpaid Costs and Expenses. If the Borrower fails to pay when due any amount in respect of costs or expenses incurred by the Agent or any other amount incurred by the Agent and required to be paid by it hereunder (other than principal or interest on any Advance), it shall pay interest on such unpaid amount from the time such amount is due until paid at the rate equal to the highest rate of interest then applicable under the FacilitiesFacility 1.
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